SMV Regulations
Superintendence of the Securities Market («SMV«) amends the Rules for the Inclusion and Exclusion of Securities in the Public Registry of the Securities Market and in the Peruvian Stock Exchange Listing, adopted by Resolution SMV N° 031-2012-SMV/01 («Rules for Inclusion and Exclusion«), Alternative Securities Market Rules, adopted by Resolution SMV N° 025-2012-SMV/01 («MAV Rules«) and the Rules for the Institutional Investors Market, adopted by Resolution SMV N° 021-2013-SMV/01 («MII Rules«).
Through Resolution SMV N° 004-2021-SMV/01 (the «Resolution»), published in the Official Gazette El Peruano, on March 30, the SMV amended the three aforementioned rules in order to remove the duty-paying obligation for the processing of certain administrative procedures related to public offerings in the primary and secondary markets, which the SMV has determined to be free of charge.
Such procedures are as follows:
– Procedures governed by the Rules for the Inclusion and Exclusion:
-Procedure governed by the MAV Rules:
-Procedure governed by the MII Rules:
In addition, the text of Annex No. 2 «Application for Registration of Domestic Securities» of the Rules for the Inclusion and Exclusion is amended, so that it may be used both for proceedings before the General Inspectorate for Conduct Supervision of the SMV, as well as before the General Inspectorate for the Supervision of Entities of that entity.
Rules on Preparation and Submission of Financial Statements and Annual Report by the Entities Supervised by the Superintendence of the Securities Market, adopted by Resolution SMV N°. 016-2015-SMV/01 («Rules«) are amended
By Resolution SMV N° 003-2021-SMV/01 (the «Resolution«), published in the Official Gazette El Peruano, last March 26, the SMV amended the Rules to repeal the obligation of legal entities registered in the RPMV, issuing companies with securities registered in the RPMV and collective fund management companies, whose ultimate parent companies are incorporated abroad and file such financial statements abroad, to submit such information also to the SMV.
The Resolution also specifies the case in which such supervised entities, whose ultimate parent companies are incorporated abroad, must submit to the SMV an affidavit indicating the financial information of their parent company that they submit locally and the regulations that the SMV must comply with in such matters abroad.
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Dissemination of the draft amendment to the Guarantee Fund Regulation, adopted by Resolution SMV N° 013-2011-SMV/01, is authorized. By means of Resolution SMV No. 005-2021-SMV/01 (published on March 28, 2021), the SMV published the above mentioned draft for public comments.